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Exploration Update

10 May 2013 07:00

RNS Number : 3831E
Great Western Mining Corp. plc
10 May 2013
 



10 May 2013

Great Western Mining Corporation PLC

("Great Western Mining" or the "Company")

 

Exploration Update

 

Great Western Mining Corporation plc, the Dublin-based exploration company with 73 square kilometres of mineral claims in South Western Nevada, is pleased to report on the results of its recent nine hole drilling programme on Target M2-Smith.

 

Detailed below is a direct excerpt from the JORC Compliant Report authored by Don G Strachan, Consulting Geologist QP CPG, Nevada, the Company's Independent Competent Person:

 

"Discovery-grade oxide copper intercepts were encountered by three of the drill holes.

 

"Significant Copper above 0.2% Cu cut-off was intercepted in five of the nine holes drilled in 2013. Significant individual intercepts in these five holes ranged from 40 ft. (12.2m) of 0.2% Cu (M2-001-Appendix A) to 30 ft. (9.1m) of 1.13% Cu (M2-004-Appendix A). Drill hole (M2-005-Appendix A) also intercepted 30 ft. (9.1m) of significant copper but with a lower grade of 0.84% Cu.

 

"Anomalous copper above 0.05% Cu cut-off was intercepted in eight of the nine holes of 2013. Individual anomalous intercepts ranged from 10 ft. (3.0m) of 0.08% Cu to 60 ft. (18.3m) of 0.6% Cu.

 

"Thickest anomalous copper intercept was 135 ft. (41.1m) grading 0.13% Cu (M2-001-Appendix A). The drill hole with the thickest total of anomalous intercepts was also M2-001, where two intercepts totalling 240 ft. (73.152m) had a combined grade of 0.12% with 70 ft. (21.3m) between. See Table 3.

 

"Significant gold occurred in drill hole M2-004, where 15 ft. (4.5m) - grading 0.09gpt Au was intercepted at 35 ft. (10.66m). Significant gold was not encountered in the other eight drill holes. Significant silver was not encountered in the nine drill holes." End of quote.

 

Table 3 Copper intervals, thicknesses, February-March 2013, Marietta District, Mineral County, Nevada

M2 Drill Hole

Interval >0.20% Cu

Thickness

Grade

Interval >0.05% Cu

Thickness

Grade

Grade x

from

to

from

to

total

total

%

from

to

from

to

total

total

%

thickness

feet

feet

metres

metres

feet

metres

Cu

feet

feet

metres

metres

feet

metres

Cu

Cu

M2-001

125.0

165.0

38.1

50.3

40.0

12.2

0.20

75.0

210.0

22.9

64.0

135.0

41.1

0.13

5.3

M2-001

280.0

320.0

85.3

97.5

40.0

12.2

0.20

280.0

385.0

85.3

117.3

105.0

32.0

0.11

3.5

M2-002

135.0

190.0

41.1

57.9

55.0

16.8

0.06

1.0

M2-004

20.0

50.0

6.1

15.2

30.0

9.1

1.13

-

60.0

-

18.3

60.0

18.3

0.60

11.0

M2-005

50.0

70.0

15.2

21.3

20.0

6.1

0.06

0.4

M2-005

140.0

170.0

42.7

51.8

30.0

9.1

0.84

115.0

170.0

35.1

51.8

55.0

16.8

0.50

8.4

M2-006

50.0

60.0

15.2

18.3

10.0

3.0

0.25

30.0

70.0

9.1

21.3

40.0

12.2

0.14

1.7

M2-006

190.0

200.0

57.9

61.0

10.0

3.0

0.23

190.0

200.0

57.9

61.0

10.0

3.0

0.23

0.7

M2-007

60.0

105.0

18.3

32.0

45.0

13.7

0.09

1.2

M2-008

95.0

105.0

29.0

32.0

10.0

3.0

0.50

95.0

105.0

29.0

32.0

10.0

3.0

0.50

1.5

M2-008

50.0

65.0

15.2

19.8

15.0

4.6

0.12

0.5

M2-008

130.0

140.0

39.6

42.7

10.0

3.0

0.10

0.3

M2-008

175.0

185.0

53.3

56.4

10.0

3.0

0.08

0.2

M2-009

150.0

160.0

45.7

48.8

10.0

3.0

0.09

0.3

 

The drill hole samples were taken at 5 ft. (1.524m) intervals and analysed by Florin Analytical Services, Reno, Nevada.

 

Emmett O'Connell, Executive Chairman, commented: "We are pleased with the results of our initial drilling programme on the M2-Smith prospect and look forward to further exploration and development work on the Company's extensive mineral lease holdings."

 

Competent Person Statement

 

Information in this release that relates to exploration results is based on information compiled by Donald G. Strachan, Consulting Geologist QP CPG. Mr. Strachan is a certified professional geologist under the American Institute of Professional Geologists, a fellow of the Geologic Association of Canada and is a Competent Person as defined in the JORC Code for Reporting of Exploration Results. Mr. Strachan consents to the inclusion in the release of the matters based on his information in the form and context in which it appears.

 

Editor's Note - JORC (Joint Ore Reserves Committee) is the mineral exploration industry standard for the public reporting of orebody reserves adopted by the Company.

 

 

Enquiries:

 

Great Western Mining Corporation Plc

Emmett O'Connell, Chairman

Melvyn Quiller, Chief Executive

 

+353 87 798 8839

+44 (0) 771 289 9588

 

 

melvyn.quiller@gmail.com

Shore Capital (Nomad & UK Broker)

Bidhi Bhoma / Toby Gibbs (Corporate Finance)

Jerry Keen (Corporate Broking)

 

+44 (0) 20 7408 4090

 

bidhi.bhoma@shorecap.co.uk

jerry.keen@shorecap.co.uk

Davy (ESM Adviser & Irish Broker)

John Frain (Corporate Finance)

Roland French (Corporate Finance)

 

+353 1 614 8761

 

john.frain@davy.ie

roland.french@davy.ie

Cubitt Consulting (Financial PR)

Gareth David

Cebuan Bliss

 

 

+44 (0) 20 7367 5100

 

gareth.david@cubitt.com

Gordon MRM (Irish PR)

Brendan McGrath

 

+353 1 665 0453

+353 87 937 0266

 

brendan@gordonmrm.ie

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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